Understanding the Cost of Senior Living
Cost is often one of the top concerns when considering the move to a senior living community.
To compare the cost of a senior living community to the cost of staying in a current residence, explore our TRUEcost Calculator.
TRUEcost Calculator
Answer seven questions, and we'll help you compare the cost of staying in your home with assistance to the cost of living in a senior living community.
Learn the facts about the true costs and then make your decision:
Stay at home or move to a senior living community?
Did you know? Some people delay a move based on fears they can't afford a senior living community. But that's before they compare the costs.
Select from the three choices below: Which best describes the current neighborhood of the person considering a move to a senior living community?
Did you know? A senior living community’s fees include all property taxes, utilities and cable.
suburb or town
Select from the three choices below: If remaining at home, how will the individual receive his or her daily meals?
Did you know? Three balanced, healthy meals — plus snacks — are provided every day in a senior living community.
Select from the three choices below: If remaining at home, which services will the individual need?
Did you know? Home maintenance and housekeeping are provided in a senior living community.
To receive personal care and companionship services in your home, the hourly rate depends on the services provided and averages $26.50. Please indicate how many hours of these services will be needed each day.
Did you know? Personal care and companionship are included in a senior living community.
How many hours of friend-family assistance is currently provided for the person considering a move to a senior living community?
Did you know? While living at home, many come to rely on the support and assistance of friends and family — often more than is realized.
Indicate below if you’d like to include the average cost of entertainment — as determined by the U.S. Bureau of Labor Services — in your cost comparison.
Did you know? A senior living community provides friendship, activities and programs, fitness opportunities and entertainment.
Indicate below whether the person considering a move to a senior living community currently pays a monthly mortgage, rent or HOA.
Please select the housing option that you're considering below.
Your Results!
Here’s how staying in your home with assistance compares to moving to a senior living community:
Current Home
$300 per month
Senior Living Community*
$200 per month
*Source: Cedarhurst's Average Base Rent in 2023
Your Cost Breakdowns
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- 1. How Much Should You Budget for Home Maintenance?
- 2. U.S. Cable & Internet Market Size and Household Spending Report 2021
- 3. How Much Money Do You Save by Cooking at Home?
- 4. Here's How Much Money You Save By Cooking At Home
- 5. Average Food Cost per Month – In-Depth Analysis and Trends
- 6. How much does a maid cost?
- 7. Genworth Cost of Care Survey
- 8. American Households' Average Monthly Expenses: $5,111
- 9. This Is the Average U.S. Rent Price. Can You Afford It?
Explore our resources below to find out more about the cost of assisted living and memory care communities.
Assisted Living
Several factors impact the cost of assisted living, including geographic location, local cost of living, assistance level, community amenities, and whether the community is pet-friendly. Think of these factors as more than just luxuries—they can make a significant impact on your loved one’s daily well-being and overall health.
When evaluating the cost of a senior living community, consider your loved one’s needs beyond today. Your loved one may need additional services and care as they age. When looking at communities, be sure to create a plan for your loved one’s future to ensure they can age in the same community.
Resources for Understanding Assisted Living Costs
Assisted Living Pricing
Cost Savings
Memory Care
Memory care communities provide around-the-clock caregivers who are on hand for specialized Alzheimer’s and dementia care. Several factors impact the cost of memory care, including the local cost of living, the amount of assistance your loved one requires, and their unique wants and needs.
One of the most important things to consider is how your loved one’s needs may change over time. Routine and structure are critical for those with Alzheimer’s or other forms of dementia. Make sure the memory care community you choose has resources to meet these changing needs so that your loved one can age in place.
Resources for Understanding Memory Care Costs
Memory Care Pricing
Costs
Find a Community
How Cedarhurst Can Help
A lot goes into the transition to senior living, and you want to make sure you or your loved one have the support needed to start the journey out on the right foot. We’re here to help with exclusive programs that elevate care, helping new residents ease into their new lives with peace of mind and support from day one.
The Cedarhurst Promise™
We know you or your loved one will love it here, but if for some reason you don’t, we offer new residents a 60-day money-back guarantee.*
Pair to Prepare™
Our exclusive program invites a relative, spouse, or friend of a new resident to stay with them for their first five days at Cedarhurst at no additional cost.
*The Cedarhurst Promise™ program is only available at advertised communities. Not applicable for respite or other short-term stays. Refund is available only if move-out is a result of dissatisfaction with Cedarhurst community as documented throughout stay. Complete rent refund includes base rent only. Additional terms and conditions may apply. Please see Resident Agreement for additional details. Void where prohibited.